When you're young, managing personal finances seems like something far off in the future, but it's a vital life skill for anyone at any age. That's why Albemarle County is taking steps to get students ready for their financial futures.
As part of a new state requirement students must take a personal finance and economics class in order to graduate. County officials heard from the business community that students are graduating without some of the necessary knowledge of how to manage their personal finances. That's when Albemarle County stepped in with this new course to help fill the gap.
Michael Craddock, the Monticello High School teacher who is developing the curriculum, says it will cover financial issues across the board.
"Managing a budget, investing, retirement plans, purchasing cars, homes, pretty much anything that you do in your regular world with personal finance we go over it with the class," he said.
There will also be an economics section so students can get a big picture of how the nation's economics work.
Craddock is also designing the personal finance class to be online, meeting another new state requirement that all students must complete an online course to graduate.
Monticello High School is asking professionals and community members who have experience in finance and economics to contribute to the course by recording a segment. So far about six people have signed up and they're looking for more. Anyone interested is asked to contact the school for more information.
The pilot personal economics class will be offered to students in January. It should be fully developed by the next school year.
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